Quantitative Problem: You are holding a portfolio with the following investments and betas:

Stock	Dollar investment		Beta
A	$200,000		1.30
B	100,000		1.70
C	400,000		0.80
D	300,000		-0.25
Total investment	$1,000,000

The market's required return is 10% and the risk-free rate is 4%. What is the portfolio's required return? Do not round intermediate calculations. Round your answer to three decimal places.

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